Graystone Company Announces Copper Mining Update
May 15 2014 - 9:00AM
Business Wire
The Graystone Company (OTC: GYST) announced today that the
Company’s mining operations in Peru has transported
approximately 180 tons of copper ore to the processing plant. Once
the Company has transported 200 tons of copper ore, the processing
plant will begin to process the ore. The Company expects to have
the 200 tons delivered to the processing plant in the next 10-14
days and expects the processing to take 7-10 days.
Pursuant to the terms of the joint venture, the Company will
receive all monies paid for operations from the gross dollar amount
received from the sale of the copper prior to any distributions
made to the joint venture partners. The Company will update
shareholders once the processing of the copper ore has been
completed.
On March 29, 2014 the company started testing the high-grade ore
and sent samples to a local lab. The initial results received on
March 29, 2014 indicated the Company’s high-grade copper ore
samples contained 6% copper. On April 1, 2014 the Company received
additional lab reports showing the samples contained a high level
of 23.1% copper and a low level of 14% copper. The company was only
expecting 2.5% - 3.0% copper level. A laboratory in Peru performed
the analysis.
Copies of the lab tests can be found on the OTC markets
website.
About The Graystone Company.
The Graystone Company, Inc. is a U.S.-based mining and exploration
company focused on acquiring and developing gold and other mineral
properties. The Company's strategy is to build value for
shareholders by the identification, acquisition and exploration of
early-stage properties that show significant potential for the
discovery of gold.
Notice Regarding Forward-Looking
Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Contacts:The Graystone Company, Inc.Paul Howarth(702)
289-4827info@graystonegold.comwww.graystone1.com
The Graystone Company, Inc.Paul Howarth,
702-289-4827info@graystonegold.comwww.graystone1.com
Graystone (PK) (USOTC:GYST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Graystone (PK) (USOTC:GYST)
Historical Stock Chart
From Apr 2023 to Apr 2024